Babcock Up, Adidas Upgrade, M&G Drops

On this episode of Stock Movers:
- Babcock is up on press reports that the UK is in advanced talks to build warships for Denmark and Sweden.
- Adidas gets an upgrade to buy from hold at Jefferies following its “brutal” de-rating, while JPMorgan places the German company on a positive catalyst watch
- M&G falls by as much as 3.8%, the most since April, as the UK asset manager’s first-half adjusted operating profit misses analyst forecasts.

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